Stocks falling to new 52 week lows on June 13 are Isoftstone Holdings Limited, TransAtlantic Petroleum Ltd, E-Commerce China Dangdang Inc. , China Ming Yang Wind Power Group Limited, and Clearwire Corporation. Investors are selling the stock and pushing it lower because they may think that these stocks were overvalued. This could be caused by earnings not meeting expectations, investor speculation, or a fall in market growth.
Shares of Isoftstone Holdings Limited (ISS) fell by 7.11% or $-0.83/share to $10.81. In the past year, the shares have traded as low as $11.59 and as high as $22.62. On average, 224260 shares of ISS exchange hands on a given day and today's volume is recorded at 597947. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $17.78 area but be careful because the stock may face selling pressure at this level.
Shares of TransAtlantic Petroleum Ltd. (TAT) fell by 11.95% or $-0.24/share to $1.8. In the past year, the shares have traded as low as $1.99 and as high as $3.59. On average, 1887570 shares of TAT exchange hands on a given day and today's volume is recorded at 1496671. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $2.50 area but be careful because the stock may face selling pressure at this level.
Shares of E-Commerce China Dangdang Inc. (DANG) fell by 10.83% or $-1.44/share to $11.86. In the past year, the shares have traded as low as $13.13 and as high as $36.40. On average, 2477650 shares of DANG exchange hands on a given day and today's volume is recorded at 2519298. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $20.48 area but be careful because the stock may face selling pressure at this level.
Shares of China Ming Yang Wind Power Group Limited (MY) fell by 7.64% or $-0.43/share to $5.2. In the past year, the shares have traded as low as $5.52 and as high as $14.70. On average, 344710 shares of MY exchange hands on a given day and today's volume is recorded at 724049. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $8.27 area but be careful because the stock may face selling pressure at this level.
Shares of Clearwire Corporation (CLWR) fell by 5.01% or $-0.20/share to $3.79. In the past year, the shares have traded as low as $3.94 and as high as $8.82. On average, 5041610 shares of CLWR exchange hands on a given day and today's volume is recorded at 2734025. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $4.95 area but be careful because the stock may face selling pressure at this level.
